AMA Recap — Liquidify.io
The session of AMA ( Ask Me Anything ) with Liquidify was conducted on 12th September 2021 at 4:30 PM IST (11 PM UTC) and lasted for 1 hour.
I welcome both of you on behalf of CryptoplayersIndia team, hope you will enjoy today’s AMA session.
Very excited to have you with us.😊
Please tell us about yourself and the team working on Liquidify?
I’m Arne PR/Marketing Manager at Liquidify. I have years of experience in this field and also in Entrepreneurship and Crypto. The Team of Liquidify consists of 20 professionals, all with long-standing experience in technology, finance, and of course crypto. Among them is a champion from the Google Coding Competition, a winner of a DoraHacks Hackathon, as well as a number of team members with work experience in Fortune 500 companies, such as Microsoft, IBM, Alibaba and Google. The executive team has a combined experience of 60 years in technology and more than 20 years in the crypto market.
What Liquidify project is about? How it works, Give a detailed introduction.
Liquidify is a decentralized protocol built to improve the liquidity and growth potential in long-tail crypto assets. Long-tails-assets are for our assets with low liquidity, low market cap and low exposure. the features of Liquidity are: 🛠 Use: improve liquidity and growth potential in long-tail crypto assets (LAT Token)
👨👩👧👦 Decentralized: LFY token includes voting rights for holders
💱 Proven concept: validated in the traditional finance industry
🔒 Safe: code audit in progress.
That will impact:
💦More liquidity for long-tail assets
💵More market entry channels and price exposure
⛑Risk reduction for a single asset price crash
🔝Expansion of the investor population
🧩Improved market trend analysis and price discovery.
and finally, result in more growth potential paired with stability and risk reduction for our investors and projects in the accelerator.
Please tell us in detail about LAT and LYF Tokens?
I prepared some graphics for you, which I´m going to share now.
LAT is the main token from our protocol, which is displaying the underlying value of all assets in the accelerator pool. LFY is the governance token since we want to go later fully DAO. here is some more on LAT.
What is the Tokenomics and Use case? And how will it be useful for the ecosystem?
Ah okay, the last graphic points out already some of the use-cases of LAT token 😊.
1. general syncretization (the main function of Liquidify) and the fees are also paid in LAT.
2. Entry ticket for being part of asset collateralization, which is a very good thing (the proven model from traditional finance -really interesting concept for all of you who want to understand finance further).
3. DEX liquidity mining (bring back liquidity to the long-tail-assets).
4. LAT staking — if you want you can also stake your LAT in our protocol.
to understand syncretization — our main function — better:
here is synthesize with our protocol in a nutshell:
You can put tokens into the protocol. You get a certain amount of LAT tokens depending on the value of your assets. But you hold the ownership of your assets and can always exchange them back at the original rate at any time!
So if LAT rises, and it will — you win. If your collateralized assets rise you can get them back — and you also win! 🐳💙 Tokenomics:
as you can see the vast majority of the LAT token are for protocol usage. Only 5 % held by the dev and operational team 💪🏼🙂.
Every project has a story behind it. What inspired you to build this project and how the name Liquidify came across your mind? Also share your Roadmap with our community.
Since all the crypto projects we know and all the investors focusing on the TOP 100 coins or projects that are gaining a lot, we looked at the vast numbers of projects besides that: the long-tails-assets. The model we use is unique to crypto and very well-proven in traditional finance. We address the value which is still given in many of this long-tail-assets. We help to make them liquid again: so this is where our name come from. We saw this model works very well in traditional finance so we applied it as the first project to the crypto space.Also, we believe that the crypto space is entering a new phase — kind of more validations as in the past, as institutional investors rush in and the usage of crypto/blockchain is more and more spreading. Like El Salvador is accepting Bitcoin now and so on… In this our business model is getting even stronger. And also we are more protected by the nature of our protocol against bear market scenarios — if they will occur again. our roadmap:
We launched on 31. Aug our protocol 1.0! Next, we´re going to extend our allow list with protocol 2.0. with 3.0 we expand the possibilities of the token for our protocol drastically. aaaaand afterwards: we´re going to be a fully DAO! also we want to address later on the traditional finance markets — means we also addressing markets outside crypto.😃
- On reviewing i read that Liquidify protocol 3.0 will open the long-tail crypto asset category and will no longer set any allowlist restriction. So can you explain why you decided not to have any allow list restrictions? How will you determine which assets will be included?
Very good question. Our tech team is further developing our complex algorithm which is evaluating the value of the token put into our protocol. Since we are professionals in traditional finance and crypto, we know whats risks we are dealing with and focus — besides good opportunities for our investors — very much on security. We also want to be as flexible as possible in terms of opportunities for our investors to participate in our protocol. Regarding restrictions: There will be some. The algorithm will evaluate the value of the assets you can put into the tour accelerator, as I said before.
- Rapid price changes and fluctuations make investors feel scared, so does Liquidify have any suggestions or solutions for investors? As a risk mitigation agent, does Liquidify play an active role in marketing and innovation? do you have a competent team to handle this problem?
Our team is very competent inexperienced regarding every aspect we are dealing with. This covers financial issues, crypto and every other competence we need to be successful in the market. Liquidify is as already pointed out in question #2 a useful tool for market-making.
Can you explain the features of STAKING and Synthetize LIQUIDIFY and how much I get if I Staking $LAT tokens?
If you got to our Dapp, the algorithm will tell you https://main.liquidify.io/pool
How can I buy tokens from your project? Will Liquidify have a program to sell tokens to users in the near future?
you can buy your LAT Token on pancakswap https://pancakeswap.finance/swap?outputCurrency=0xfdCE4b11d6ddc902244726B93E71e2874c7B6AF0
Q. What is Liquidify’s revenue model? In what ways do you generate revenue/profit?
with every transaction in our out the pool, we charge a small fee.
In your project Liquidify will bring interesting things? when customers use?
now, protocoll 1.0 is available already 😊
What are the top priorities for your project this year? and what plan will you do for the development of this project?What is the main vision and goal of your project and who are your targeted customers?
We are a long-term project. Means security and long-term orientated goals are very important for us. as pointed out in the roadmap we focus ond the protocll 2.0 and 3.0 — which allows more and more assets to be part of our protocol.
Will the NFTmall provide NFT digital redeem services into a physical form? Does NFTmall act as escrow, or do you work with third parties for physical NFT distribution?
Weáre planning to include NFTs in our protocol in the near future. Our experts working rn on it. 🎨💪🏼
What inspired the development of this Liquidify project? What did you prepare? for the long-term development of Liquidify?
Because several economies used this model we using very successful, we were inspired by Liquidify. Next steps: integrating ore assets — including NFTs after that going fully DAO.
Do you share your Liquidify project with any online community other than AMA? What is the development direction for the next years?
Sure. We do many different marketing actions besides AMAs like Facebook, reedit Cryptomoonshots, working together with influencers and so on.
🇭 🇪 🇱 🇱 🇴
What is the advantages of investing on your project? Is there a benefit to being a first-time investor?
Yes, rn now we´re super early! advantages: long-term project, professional team, enough funding to do everything which is necessary to be successful.
In order for people to understand what the platform has to offer, spreading awareness plays an important role! So what did Liquidify do?
Marketing on many different channels. Youtube, Facebook, Reedit, Media coverage on crypto news portals… and last but not least, one last graphic
this, is where we aiming at 😃💪📈 — so get your LAT.
The AMA recorded many great questions from the Crypto Players India community, as well as meticulous answers from our guest Liquidator from Liquidify.io. AMA Concluded at 5:30 pm IST.